The Ministry of Finance on Thursday raised India’s growth forecast for the ongoing financial year 2026-27 (FY27) to 7.3% from 6.8-7.2% estimated in the Economic Survey in February this year.

The ministry also marginally raised the growth projection for July-September quarter (Q2FY27) to 7.35% from 7.3% in its September report, according to the Monthly Economic Review for October.

The Indian economy grew by 7.8% in April-June (Q1FY27).

Underlining “considerable uncertainties”, the ministry said that robust domestic demand, sustained investment activity, a resilient financial sector, and supply-side management have underpinned the country’s growth resilience so far and are expected to support growth through the remainder of the year.

“Sustaining economic activity while safeguarding price stability” will be the focus of policymakers in the second half of the financial year amidst elevated crude oil prices, higher food inflation and an uncertain outlook for the kharif crop, it said.

The ministry said the…